MasterCraft Boat (NASDAQ:MCFT – Get Rating) posted its quarterly earnings data on Wednesday. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.15, MarketWatch Earnings reports. MasterCraft Boat had a net margin of 9.87% and a return on equity of 58.85%. During the same quarter last year, the business posted $0.97 earnings per share. MasterCraft Boat updated its FY 2022 guidance to $4.30-$4.30 EPS.
Shares of MCFT stock traded up $0.38 on Thursday, reaching $23.33. The company had a trading volume of 131,452 shares, compared to its average volume of 113,096. The company has a current ratio of 1.48, a quick ratio of 0.38 and a debt-to-equity ratio of 0.57. The stock has a market cap of $431.56 million, a PE ratio of 7.26 and a beta of 1.88. The company has a 50-day moving average of $24.67 and a 200-day moving average of $26.40. MasterCraft Boat has a 12 month low of $22.08 and a 12 month high of $33.63.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC boosted its holdings in shares of MasterCraft Boat by 67.7% in the 1st quarter. MetLife Investment Management LLC now owns 8,982 shares of the company’s stock valued at $221,000 after buying an additional 3,626 shares during the last quarter. Group One Trading L.P. increased its position in MasterCraft Boat by 55.9% during the 1st quarter. Group One Trading L.P. now owns 1,394 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the period. American Century Companies Inc. increased its position in MasterCraft Boat by 121.7% during the 1st quarter. American Century Companies Inc. now owns 37,043 shares of the company’s stock worth $912,000 after buying an additional 20,334 shares during the period. Bank of New York Mellon Corp increased its position in shares of MasterCraft Boat by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 82,990 shares of the company’s stock worth $2,042,000 after purchasing an additional 1,042 shares during the period. Finally, Barclays PLC boosted its stake in MasterCraft Boat by 28.3% in the fourth quarter. Barclays PLC now owns 22,822 shares of the company’s stock valued at $646,000 after buying an additional 5,039 shares in the last quarter. 89.93% of the stock is owned by institutional investors and hedge funds.
About MasterCraft Boat (Get Rating)
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through three segments: MasterCraft, NauticStar, and Crest. The MasterCraft segment produces recreational performance sport boats and luxury day boats under the MasterCraft and Aviara brands, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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